latest live stream from fabulous Las Vegas and we're looking into Ethereum
momentum now. So is it gonna be a bloodbath for everything else other than
Ethereum? It looks like man this was a real moonshot like a like a super rally
for for the ETH price and what is it driven by? What does it mean for other
altcoins? What does it mean for Bitcoin? That's what we're going to discuss in
this live stream. Okay so let's see what's going on here. So I have my my
trading view here and this is the ETH price right? So it was yesterday and we're
live here now on on May 21st and it's 1 p.m. Pacific Time. All the times here in
my trading view are Pacific. So it was yesterday 12.20 right? So that was 40
minutes before market close and then look what happened to Ethereum here. Let's let's see what that means. So if we take the last price here
right before the news break and then and then see all the way here to the top
that was 21.79% Wow right? And even right now it's still 18.12% above what
it traded yesterday before the news came out. I mean that is a big big big boost
for the ETH price that we haven't seen in a long time and yeah I'm happy for
that. I'm super happy because the news was well the Ethereum spot ETFs might
soon be approved maybe even this week who knows and that is big news right
That is big news for crypto going mainstream step-by-step and and you know
after the the Bitcoin ETFs that have been a success you know after all they
have been a success and and now with Ethereum right even though you know with
all the things that have been going on for Ethereum and you know the SEC
thinking it it might be a security and all these type of things but you know
ETFs coming out that is huge that is absolutely huge and rightly so this
resulted in this in this increase of the ETH price. So you know my channel I'm
mostly streaming about Solana and about my own startup Zandium that's building a
scalable storage layer for the Solana chain and so you you might expect you
know some statements what does that mean for the Sol price right so let's
dive into that here let's check out the the Sol price so this looks very
different from the ETH curve right so if we look at yesterday 1220 that was right
here right so we had a boost here for the Sol price but guys you know this was
just to this high here it was just 5% well how does that compare to 27% with
ETH right so it is way way less and then after that it kind of you know lost
steam here and it's now even as we speak it's 2% below yesterday's price before
the news broke so let's look at the volumes here as you see there's a high
trading volume on on Solana here right now and let's get back to ETH and we see
hey you know volume just picked up with that news here and yeah but you know
volume is completely fizzling out here on the Ethereum side we still have high
volume here on Solana with slightly decreasing prices so that could mean
some people might go out of Solana and refocus on Ethereum and let's also have
a look at some other coins here so Bitcoin got a boost here as we see here
but Ethereum by far the most and BNB got a big boost as well Solana not so
much this time but you know it went up leading up to that news break look at
this here right so if we look at the Sol price in total it really increased a lot
but most of it some of it even before the news break right so Solana still has
that strong upwards trend that we couldn't see here on on Ethereum at all
before the news break we couldn't see it in in Bitcoin so right now all the news
is being dominated by by Ethereum right and this usually has the potential to
drag others with them right now it you know it seems to steal the show from all
the other altcoins right and it's all about Ethereum and that's great and and
I think Ethereum deserves that it's a great chain it's just not for every use
case and and Solana has its place as well and as you all know I would always
prefer investing into Sol than into into ETH that's no investment advice of
course it's purely for for entertainment purposes and for just sharing my personal
opinion here with you I think the long-term fundamentals for for Solana
are still there I'm super excited about everything that's going on there they
they are you know coming out with their 1.18 it's working nicely on main net
it's on test net it's going to be deployed on main net real soon and you
know we're having that step-by-step approach to to fend off that that
congestion that's out there and but even now the congestion isn't a big big
issue anymore the chain is still being used there's lots of demand validators
making a lot of block rewards and we also have that Zandium validator here
some people by the way asked me about the Zandium validator and having its MEV
commission at a hundred percent now we set it up from eight percent to a
hundred percent in preparation for the liquid staking pool the Zandium liquid
staking pool that's coming out real soon so it won't be like that for long we
will be sharing back our MEV rewards with you guys with our stakers to that
pool and also we will be sharing block rewards on top of that right so this is
just a short transitionary period and it has to be that hundred percent with
our new pool because the sharing will be handled by the pool and not by Jito
directly anymore so that's the reason behind that and yeah what will that mean
will it be a bloodbath for other altcoins because of that news that we
heard about aetherium I personally think that's rather unlikely there will be a
lot of interest for aetherium but the news will be digested by the market we
will see if these ETFs are actually being approved or not and chances are
you know it's not just aetherium that might get its spot ETFs maybe it's gonna
be Solana or avalanche or whatever as well right we don't know it might very
well be right but yeah I think these are short-term effects in the market if
you're into like swing trading and and riding waves of short-term news flows
and stuff like that well then you know this this is a good opportunity for
aetherium but likely you'd have to be someone that gets the news faster than
anyone else to be in there because if we look at this at this chart again here
you know if you're if you're a few seconds late you're already here right
so you've already given up like half of the potential that was in there but if
you invested right here yeah you would still have made some gains here but yeah
the question is will we still see more gains here for aetherium due to that
news flow you know I I don't know I'm personally someone that you know doesn't
really do a lot of trading no day trading no swing trading I focus on
long-term investing because I believe in the fundamentals and what can be done
with these chains or I'll do the same with stocks obviously so if you've
watched some of my other videos you know that you know I'm a big believer in some
of the big stocks out there and especially these times Nvidia we don't
know how the the earnings release tomorrow will go but I either way even
if they disappoint tomorrow with the earnings at this price they are still
cheap and they will have you know great great growth ahead of them for the next
ten years right so yeah but with Solano also I like just the chain the
technology that's underlying and everything it can bring to the world and
that's why that's why Solano is my where where my money is and you know most of
my most of my crypto investments are there okay so that was my quick overview
here exciting times aetherium spot ETF the the Bitcoin halving is done
traditionally or historically we've seen new all-time highs about six months after the halving so that's still a few months to go but we're approaching the
month of June it was my prediction all along that starting with June to the
latest you know the bottom will have been reached I pretty much believe the
bottom and altcoins is behind us that was there a few weeks ago or so the
sentiment was was completely completely bad and and it couldn't have gotten any
worse with odds they are now coming up again I really love the salt price where
it is right now and I think this year the salt price will go up really a lot
more with all the exciting developments up there and with obviously macro trends
for crypto as well I yeah I really feel that's the way to go all right so thanks
for watching guys please do give me that that like button it really helps the
channel subscribe to my channel if you have any more questions so I just
answered one right here we'll do it in the in the comments as well but hey
write me a comment down here ask me questions also critical questions also
critical questions about our xandium chain about the validator the xandium validator that coming liquid staking pool and all these things alright for
today thanks so much for watching guys catch you